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Digital Money Transfer Market By Component (Domestic Money Transfer, International Money Transfer), By Application (Consumer, Enterprise), Regional Outlook, Competitive Landscape, Market Share Analysis and Forecast, 2023-2030

Type: PDF

Status: Syndicate

Categories: Information & Communication Technology

Report Code : ICT23

No. of Pages : 150

International digital Money Transfers were estimated $332 billion in 2023. Digital money transfers — sending money to another person via digital platforms is a modern convenience that makes transferring funds easier, quicker and enables remote sends.

Considerable growth on the back of increasing growing urban and working population support with rising income, growing urbanization and Escalating application of POS systems in a number of industries such as Retail, Restaurants, Healthcare, Transportation, Ecommerce, among various others and on the other hand the ever-rising working population is driving factor for the consumer towards the digital payment. Cash still being preferred for general mode of transaction and growing threats of cybercrime few restrain factor for digital Money Transfers

The Global Digital Money Transfer market is segmented on the basis of Component, and Application. The global Digital Money Transfer market is segmented based on Component as Domestic Money Transfer and International Money Transfer. Based on Application the global Digital Money Transfer market is segmented as Consumer and Enterprise.

The regional outlook on the global Digital Money Transfer market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Digital Money Transfer market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Landscape

Partnership between banks & key players and E-wallet emergence increasing the specifications of the digital money transfer apps for increasing the demand and delivering the better consumer satisfaction more effectively. The global Digital Money Transfer market is highly competitive in nature with major players including Western Union (WU), Ria Financial Services, PayPal, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet, Coins.ph, Toast, OrbitRemit, Digital Wallet Corporation, Avenues India Pvt Ltd, FlyRemit, WeChat Payment, Ant Financial/Alipay, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Digital Money Transfer market. Market players are also involved in value chain integration gain competitive advantage.

Report Scope:

The Digital Money Transfer market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2023 to 2030. The market segmentations include,

Digital Money Transfer Market, By Component

  • Domestic Money Transfer
  • International Money Transfer

Digital Money Transfer Market, By Application

  • Consumer
  • Enterprise

Digital Money Transfer Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Western Union (WU), Ria Financial Services, PayPal, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet, Coins.ph, Toast, OrbitRemit, Digital Wallet Corporation, Avenues India Pvt Ltd, FlyRemit, WeChat Payment, Ant Financial/Alipay, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.

Report Highlights

  • Global Digital Money Transfer market sizes from 2023 to 2030
  • Market growth projections through 2025 and the resultant market forecast for 2025
  • Impact of the market dynamics including market drivers, restraints and opportunities in the market size
  • Key industry trends, product trends, and application trends
  • Major driving/ leading segmentations, regions and countries in the global Digital Money Transfer market
  • Competitive analysis with comprehensive company profiles of the leading industry players
  • In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition

Report Customizations

The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.

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  1. Introduction

1.1 Key Insights

1.2 Report Overview

1.3 Markets Covered

1.4 Stakeholders

  1. Research Methodology

2.1 Research Scope

2.2 Market Research Process

2.3 Research Data Analysis

2.4.1 Secondary Research

2.4.2 Primary Research

2.4.3 Models for Estimation

2.5 Market Size Estimation

2.5.1 Bottom-Up Approach - Segmental Market Analysis

2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

4.1 Introduction

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.2.4 Challenges

4.2 Porter's Five Force Analysis

  1. Digital Money Transfer Market, By Component

5.1 Introduction

5.2 Domestic Money Transfer

5.2.1 Market Overview

5.2.2 Market Size and Forecast

5.3 International Money Transfer

5.3.1 Market Overview

5.3.2 Market Size and Forecast

  1. Digital Money Transfer Market, By Application

6.1 Introduction

6.2 Consumer

6.2.1 Market Overview

6.2.2 Market Size and Forecast

6.3 Enterprise

6.3.1 Market Overview

6.3.2 Market Size and Forecast

  1. Digital Money Transfer Market, By Geography

7.1 Introduction

7.2 North America

7.2.1 North America Digital Money Transfer, By Component

7.2.2 North America Digital Money Transfer, By Application

7.3 Europe

7.3.1 Europe Digital Money Transfer, By Component

7.3.2 Europe Digital Money Transfer, By Application

7.4 Asia-Pacific

7.4.1 Asia-Pacific Digital Money Transfer, By Component

7.4.2 Asia-Pacific Digital Money Transfer, By Application

7.5 Rest of the World

7.5.1 Rest of the World Digital Money Transfer, By Component

7.5.2 Rest of the World Digital Money Transfer, By Application

  1. Competitive Insights

8.1 Key Insights

8.2 Company Market Share Analysis

8.3 Strategic Outlook

8.3.1 Mergers & Acquisitions

8.3.2 New Product Development

8.3.3 Portfolio/Production Capacity Expansions

8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5 Others

  1. Company Profiles

9.1 Western Union (WU)

9.1.1 Company Overview

9.1.2 Product/Service Landscape

9.1.3 Financial Overview

9.1.4 Recent Developments

9.2 Ria Financial Services

9.2.1 Company Overview

9.2.2 Product/Service Landscape

9.2.3 Financial Overview

9.2.4 Recent Developments

9.3 PayPal

9.3.1 Company Overview

9.3.2 Product/Service Landscape

9.3.3 Financial Overview

9.3.4 Recent Developments

9.4 TransferWise

9.4.1 Company Overview

9.4.2 Product/Service Landscape

9.4.3 Financial Overview

9.4.4 Recent Developments

9.5 WorldRemit

9.5.1 Company Overview

9.5.2 Product/Service Landscape

9.5.3 Financial Overview

9.5.4 Recent Developments

9.6 MoneyGram

9.6.1 Company Overview

9.6.2 Product/Service Landscape

9.6.3 Financial Overview

9.6.4 Recent Developments

9.7 Remitly

9.7.1 Company Overview

9.7.2 Product/Service Landscape

9.7.3 Financial Overview

9.7.4 Recent Developments

9.8 Azimo

9.8.1 Company Overview

9.8.2 Product/Service Landscape

9.8.3 Financial Overview

9.8.4 Recent Developments

9.9 TransferGo

9.9.1 Company Overview

9.9.2 Product/Service Landscape

9.9.3 Financial Overview

9.9.4 Recent Developments

9.10 InstaReM

9.10.1 Company Overview

9.10.2 Product/Service Landscape

9.10.3 Financial Overview

9.10.4 Recent Developments

9.11 TNG Wallet

9.11.1 Company Overview

9.11.2 Product/Service Landscape

9.11.3 Financial Overview

9.11.4 Recent Developments

9.12 Coins.ph

9.12.1 Company Overview

9.12.2 Product/Service Landscape

9.12.3 Financial Overview

9.12.4 Recent Developments

9.13 Toast

9.13.1 Company Overview

9.13.2 Product/Service Landscape

9.13.3 Financial Overview

9.13.4 Recent Developments

9.14 OrbitRemit

9.14.1 Company Overview

9.14.2 Product/Service Landscape

9.14.3 Financial Overview

9.14.4 Recent Developments

9.15 Digital Wallet Corporation

9.15.1 Company Overview

9.15.2 Product/Service Landscape

9.15.3 Financial Overview

9.15.4 Recent Developments

9.16 Avenues India Pvt Ltd

9.16.1 Company Overview

9.16.2 Product/Service Landscape

9.16.3 Financial Overview

9.16.4 Recent Developments

9.17 FlyRemit

9.17.1 Company Overview

9.17.2 Product/Service Landscape

9.17.3 Financial Overview

9.17.4 Recent Developments

9.18 WeChat Payment

9.18.1 Company Overview

9.18.2 Product/Service Landscape

9.18.3 Financial Overview

9.18.4 Recent Developments

9.19 Ant Financial/Alipay

9.19.1 Company Overview

9.19.2 Product/Service Landscape

9.19.3 Financial Overview

9.19.4 Recent Developments

A detailed comprehensive approach has been used while estimating the market. The market research estimation is preceded by market sizing and forecasting. The research starts with the collection of data i.e. secondary research (free databases, paid databases, company websites, trade data, production data, and journals, )and primary (expert interviews). A lot of primary interviews have been conducted with key vendors and leading players in the market. Spanning the entire value chain of an industry, the information has been collected right from the raw material supplier to the end users.

The markets have been analyzed demand side and supply side in order to generate the market data and forecast. The reports are delivered by expert analysts and market researchers that help clients in understanding the complete intricacies and nuances of demand side and supply markets. Various secondary sources, databases, directories such as Factiva, Hoovers, Bloomberg Businessweek, and OneSource are being used to analyze the market. Through secondary research, crucial information such major types, application, end-users, key companies, production, consumption, export, import, major developments, merger, acquisitions, cost, pricing information, new product development, value chain, supply chain, revenues, market share analysis, growth rates, key regions, drivers, restraints, opportunities, future prospects.

Expert interviews are being conducted with the primary respondents i.e. key market players, C-level, D-level executives of the key companies, subject matter experts (SMEs) to acquire and validate crucial quantitative and qualitative information, and future market prospects.

Research Approach

The top down and bottom up approaches, market modeling according to the topic, are some of the approaches undertaken. Once the data is collected, the findings are verified by in-house leading domain experts.

Supply side market is estimated by considering various factors such as capacity, cost margin, profit margin, disruptive technologies, policies, competition and government regulation. Demand side market is analyzed  by considering various customer expectation, end use trends, price, regional demands and trends, macro-economic factors and micro economic factors.

Key Data from Secondary Sources

  • Coronavirus Disease 2019 (Covid-19) Impact Will Have A Severe Impact On Asia Growth
  • Covid-19 Impact: Asia GDP Growth, 2023, 2024 And 2025 Projections
  • Export, Import Data
  • Production Data
  • Revenues
  • World Economic Outlook Projections
  • Market Top Trends
  • Technological Innovations
  • Competition Analysis
  • Porter's Five Forces Analysis
  • Suppliers, 

Key Data From Primary Sources

  • Validation of Asia production, consumption numbers
  • Insights on market dynamics, i.e. the drivers, restraints, and opportunities of the Digital Money Transfer Market
  • Validation of the market segmentation done by product type, by technology and by geography
  • Average retail prices of various product types and in the various countries
  • Estimates and forecasts, in terms of volumes and revenues
  • Key playing fields and winning-edge imperatives
  • Competitive landscapes; key players in the market; strategic directives, and operational strengths
  • Market size and forecast for key regions, countries in America, Asia-Pacific, Europe, and Rest of the World.
  • Trends, market insights, and dynamics of surfactant market
  • Supply chain references
  • Future market estimations and expected growth rates

 

Global United Research

Report Code

ICT23

Single User

US$ 3500

Multi User

US$ 5000

Corporate User

US$ 7000

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